This 1 (one) day course reviews correct and practical methods of completing the form type residential appraisal report with emphasis on USPAP compliance. The course includes discussions on current issues as noted by lenders, and other industry stakeholders. There is a review of both the Cost Approach and the Sales Comparison Approach, including methods of calculating effective age from the market, and depreciation. Specific methods of calculating adjustments in the Sales Comparison Approach are presented with several examples and case studies. This is one of the most detailed courses available on report preparation.
Students must pass an examination to receive a certificate of completion. Students must bring a calculator to class and be proficient in its use.
Prerequisite:
CNA101 – Introduction to Real Estate Appraising
CNA103 – Introduction to the Fundamentals of Market Data
CNA202 – Residential Cost Approach
CNA203 – Residential Sales Comparison Approach
CNA205 – Completing Residential Reports
This course is mandatory every 2 years for all members.
Schedule for the day: 8am – 5pm
1 week cancellation notice required prior to the course or the course cost will be non-refundable.
